Voices
Debt Ceiling Crisis: What Advisors Should Do

There are two certainties regarding the current U.S. debt-ceiling crisis and its potential implications for the global economy, financial markets, and investors: (1) no one can predict the future with any certainty; and (2) just about everyone has an opinion anyway.

In that simple respect, the current crisis, along with all of the fear and emotion surrounding it, is not much different than countless other financial crises  or potential crises  that we have faced in the past and will face in the future. As with all such periods of uncertainty, the debt-ceiling crisis represents a call for financial advisors to offer the one thing that most individual investors simply cannot provide for themselves: an objective, experienced and unemotional perspective, unclouded by fear and based instead upon the investors short-term and long-term goals.